Moors & Cabot Inc. cut its holdings in Nordic American Tankers Limited (NYSE:NAT) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,371 shares of the shipping company’s stock after selling 260 shares during the quarter. Moors & Cabot Inc. owned about 0.09% of Nordic American Tankers Limited worth $573,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of NAT. Principal Financial Group Inc. increased its stake in Nordic American Tankers Limited by 37.9% in the second quarter. Principal Financial Group Inc. now owns 16,198 shares of the shipping company’s stock valued at $103,000 after purchasing an additional 4,454 shares during the period. BlueCrest Capital Management Ltd acquired a new position in shares of Nordic American Tankers Limited during the first quarter worth about $106,000. Karp Capital Management Corp acquired a new position in shares of Nordic American Tankers Limited during the first quarter worth about $118,000. Aperio Group LLC increased its stake in shares of Nordic American Tankers Limited by 55.2% during the second quarter. Aperio Group LLC now owns 22,476 shares of the shipping company’s stock worth $142,000 after acquiring an additional 7,994 shares during the period. Finally, Sigma Planning Corp increased its stake in shares of Nordic American Tankers Limited by 44.2% during the second quarter. Sigma Planning Corp now owns 23,880 shares of the shipping company’s stock worth $151,000 after acquiring an additional 7,318 shares during the period. Institutional investors own 23.18% of the company’s stock.

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Shares of Nordic American Tankers Limited (NAT) traded up 2.10% on Tuesday, hitting $5.35. 163,134 shares of the stock were exchanged. The firm’s 50 day moving average price is $5.16 and its 200 day moving average price is $6.30. The firm’s market cap is $545.53 million. Nordic American Tankers Limited has a one year low of $4.41 and a one year high of $9.88.

Nordic American Tankers Limited (NYSE:NAT) last issued its quarterly earnings data on Monday, August 7th. The shipping company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.03). The firm had revenue of $39.10 million during the quarter, compared to the consensus estimate of $42.47 million. Nordic American Tankers Limited had a net margin of 0.06% and a return on equity of 0.25%. The company’s revenue for the quarter was down 29.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 earnings per share. Equities analysts anticipate that Nordic American Tankers Limited will post ($0.40) earnings per share for the current year.

A number of brokerages have recently issued reports on NAT. Zacks Investment Research lowered shares of Nordic American Tankers Limited from a “hold” rating to a “strong sell” rating in a research note on Tuesday. TheStreet lowered shares of Nordic American Tankers Limited from a “c-” rating to a “d+” rating in a research note on Thursday, August 10th. Evercore ISI lowered shares of Nordic American Tankers Limited from an “in-line” rating to an “underperform” rating and dropped their price target for the stock from $6.00 to $5.00 in a research note on Friday, July 21st. Jefferies Group LLC reiterated a “sell” rating and set a $5.00 price target on shares of Nordic American Tankers Limited in a research note on Monday, July 17th. Finally, BidaskClub lowered shares of Nordic American Tankers Limited from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $6.42.

Nordic American Tankers Limited Company Profile

Nordic American Tankers Limited is an international tanker company. The Company owns approximately 26 vessels, including approximately two new buildings under construction, of approximately 156,000 deadweight tonnage (dwt) each. The Company’s Suezmaxes tankers can carry over one million barrels of oil.

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Institutional Ownership by Quarter for Nordic American Tankers Limited (NYSE:NAT)

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